Ever since Netflix and Blockbuster came into the movie industry, it seems like Blockbuster is getting closer to next up on death row. Last year as the economy took a fall, it lost $374.1 million dollars (Daily Finance). It’s also no secret that Blockbuster is in debt, due to bad decisions. Speaking of bad decisions, Blockbuster took another large blow when they decided to end late fees a few years ago, cutting profits way down. By the end of this year it may close as many as 960 stores, up from the usual 380 to 425 stores (MSNBC Article). To save itself, Blockbuster hopes to spread 10,000 kiosks across the country. But with Redbox already booming in business with cheap one night movie rentals, it will be hard for this company to get customers away to their kiosks. Looks like we’ll have to wait and see if Blockbuster can bail itself out.
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